Skip Ribbon Commands
Skip to main content

News release

CHICAGO, CAPE TOWN

JLL Attends World Economic Forum on Africa 2015

Key leaders from JLL represent the real estate industry to discuss priorities for the future of Africa


CHICAGO, CAPE TOWN – JUNE 3, 2015 – As Africa looks to future growth, global leaders gather in Cape Town, South Africa for the annual World Economic Forum on Africa. JLL (NYSE:JLL), the only commercial real estate firm serving as a Supporting Partner, the highest-level of partnership, to the meeting, and is represented by three delegates in Cape Town: Colin Dyer, President and CEO; Anthony Lewis, Director, Capital Markets, JLL Sub-Saharan Africa; and Xander Nijnens, Senior Vice President of Hotels & Hospitality Group, JLL Sub-Saharan Africa.

The 2015 meeting, themed “Then and Now: Reimagining Africa’s Future,” marks 25 years of change in Africa. The continent has demonstrated remarkable economic turnaround, especially in the last decade and a half, driven by rising foreign direct investment specifically in the natural resource sector, increased public investment in infrastructure and progress in regards to social policy issues. These factors, along with increased government support and investment by the private sector in technology and resources, have advanced Africa’s improved real estate transparency. JLL’s delegation will contribute local and global insight in sessions related to infrastructure, trade, investment and geopolitics. Dyer will speak on a panel addressing gender issues and economic equality in Africa and around the world.

“Africa presents huge opportunities – and major challenges – for JLL and our clients,” says Dyer. “We currently have offices in Johannesburg, Lagos, Casablanca and Cairo, and our strategy for Africa is to continue to grow our presence dramatically. The challenges lie in doing this effectively, in ways that serve both the best interests of African countries and markets, and those of the clients we serve. During our time in Cape Town, we will investigate and share ideas about safe, ethical and profitable ways to contribute to future growth throughout the region.”

Increasing real estate transparency is prompting growth and interest to invest in Africa. Findings from JLL’s recent Transparency Survey revealed that Sub-Saharan Africa made the world’s strongest progress in real estate transparency, and North African countries witnessed selective improvements. JLL identified the key drivers of transparency improvement as:

  • Growing presence of corporations, investors and real estate advisors, which have encouraged of market tracking and performance measurement. 
  • Launching the first direct real estate performance index (outside South Africa) in Botswana.
  • Increasing quality of, and ease of access to, land registry information.
  • Passing of REITs legislation in Kenya and South Africa.
  • Improvement in enforceability of contracts and professional standards of agents. The work of the Lagos State Real Estate Transaction Department illustrates a process of better regulation in the sector.

For more news, research and information from JLL, please visit: www.jll.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.